Loans and Indebtedness Clause Samples
Loans and Indebtedness. Expect as contemplated by this Agreement and/or the Security Documents the Borrower shall not;
(a) incur any Financial Indebtedness (except for exposure under the Swap Agreements) of any nature or incur any debt or obligations
(b) grant any loans or issue any guarantee which is not related to the ordinary operation of the Vessel
(c) make any intercompany loans or deposits to any company or person outside the MLP Group. As long as no Event of Default has occurred or is threatening, the Borrower shall be allowed to incur and to make intercompany loans or deposits and to freely accept and grant equity contributions in any form to or from companies in the MLP Group, such intercompany loans, deposits or equity contributions to be subordinated to the Lenders’ rights.
Loans and Indebtedness. No loans shall be contracted on behalf of the Corporation and no evidences of indebtedness shall be issued in its name unless they have been approved by the Board of Trustees.
Loans and Indebtedness. All loans and debts owed to TFSB are valid and collectible.
Loans and Indebtedness. No loans shall be contracted on behalf of the Corporation and no evidences of indebtedness shall be issued in its name unless authorized by a resolution of the Board of Directors. Such authority may be general or confined to specific instances.
Loans and Indebtedness. BioSyntech owes to Polyvalor the sum of ten thousand dollars ($10,000).
Loans and Indebtedness. Schedule 3.25 represents a true, correct, and complete list of all loans and indebtedness (other than accounts payable) owed by Seller as of the date of this Agreement, and the current balances and payment terms thereof.